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About Tim

Tim Deithloff’s principal area of practice is public finance law, serving as bond counsel, underwriter’s counsel, disclosure counsel, borrower’s counsel and bank counsel. He has served as bond counsel for state agencies, institutions of higher education (public and private), regional mobility authorities, cities, counties, school districts, special districts and local government corporations. Tim also represents both national and regional investment banking firms as underwriter’s counsel and placement agent counsel in traditional and other types of exempt offerings.

With more than 15 years of experience in the public finance arena, Tim has gained a wide range of experience in all types of public securities transactions, with a focus on state agency and higher education finance matters. Tim also assists governmental entities in matters involving the investment of public funds, state legislation, their responsibilities under federal securities laws, continuing disclosure compliance, derivative transactions and other public law matters. He has represented underwriters and placement agents in bond transactions throughout the State of Texas, as well as Oklahoma, Kansas, Tennessee, North Dakota and South Dakota.

Experience

Recent Notable Matters

The University of Texas System Board of Regents — bond counsel to issuer in connection with $50 million of Permanent University Fund Taxable Commercial Paper Notes, Series B (2017); $175 million of Permanent University Fund Commercial Paper Notes, Series A (2016); $27.5 million of Permanent University Fund Commercial Paper Notes, Series A and Permanent University Fund Taxable Commercial Paper Notes Series B (2016); and $25 million of  Permanent University Fund Taxable Commercial Paper Notes, Series B (2016)

The University of Texas System Board of Regents — bond counsel to issuer in connection with $117.27 million of Permanent University Fund Bonds, Series 2016A $197.97 million of Permanent University Fund Refunding Bonds, Series 2015A

The University of Texas System Board of Regents — underwriter’s counsel in connection with the issuance of $250 million of Revenue Financing System Bonds, Taxable Series 2016G

The Texas A&M University System Board of Regents — bond counsel to issuer in connection with $30 million of Permanent University Fund Commercial Paper Notes, Series A  (2017); $68 million of Permanent University Fund Taxable Commercial Paper Notes, Series A  (2016); $125 million of Permanent University Fund Taxable Commercial Paper Notes, Series A  (2015); $12.4 million of Permanent University Fund Taxable Commercial Paper Notes, Series A  (2015); and $208.465 million of Permanent University Fund Bonds, Series 2013

Texas Higher Education Coordinating Board — bond counsel in connection with issuance of over $600 million of student loan revenue bonds backed by the full faith and credit of the State of Texas from 2007 through 2011

Baylor University — bond counsel to issuer in connection with $67.325 million of 2014 Substitution of Letter of Credit: Revenue Refunding Bonds, Baylor University Issue, Series 2008A, and establishment of taxable bond and commercial paper program

City of Austin, Texas — bond counsel in connection with substitutions of credit and liquidity facilities for bonds secured by hotel occupancy taxes, combined utility system revenues and airport system revenues

City of Austin, Texas — underwriter’s counsel in connection with the issuance of $12 million of Public Improvement Bonds, Taxable Series 2016; $8.7 million of Certificates of Obligation, Taxable Series 2016; $44.015 million of Certificates of Obligation, Series 2016; $22.555 million of Public Property Finance Contractual Obligations, Series 2016; and $98.365 million of Public Improvement and Refunding Bonds, Series 2016

Cypress-Fairbanks Independent School District — bond counsel to issuer in connection with $49.74 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-1; $48.015 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-2; and $45.99 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-3

Fort Bend Independent School District — bond counsel to issuer in connection with $50 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015A; $49.42 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B; and $100 million of Unlimited Tax Commercial Paper Notes, Series A

City of Austin, Texas — underwriter’s counsel in connection with the issuance of $249.145 million of Water and Wastewater System Revenue Refunding Bonds, Series 2015A and $40 million of Water and Wastewater System Revenue Refunding Bonds, Taxable Series 2015B

City of San Antonio, Texas — underwriter’s counsel in connection with the issuance of $235 million of Electric and Gas Systems Revenue Bonds New Series 2015; $100 million of Electric and Gas Systems Variable Rate Junior Lien Revenue Bonds Series 2015C; and $100 million of Electric and Gas Systems Variable Rate Junior Lien Revenue Bonds Series 2015D

Texas Transportation Commission — disclosure counsel to issuer in connection with $296.02 million of State of Texas General Obligation Mobility Fund Refunding Bonds, Series 2017-A; $474.135 million of State of Texas General Obligation Mobility Fund Refunding Bonds, Series 2017-B; $150 million of 2017 Remarketing: State Highway Fund First Tier Revenue Bonds, Series 14-B1; $615 million of State of Texas Highway Improvement General Obligation Bonds, Series 2016; $150 million of 2016 Remarketing: State of Texas General Obligation Mobility Fund Bonds, Series 2006-B (Multi-Modal Bonds); $601.21 million of State Highway Fund First Tier Revenue Bonds, Series 2016-A; and $89.37 million of State Highway Fund First Tier Revenue Refunding Put Bonds, Series 2016-B

Central Texas Regional Mobility Authority — bond counsel and disclosure counsel to issuer in connection with $74.69 million of Subordinate Lien Revenue Refunding Bonds, Series 2016; $358.03 million of Senior Lien Revenue Refunding Bonds, Series 2016; $298.79 million of Senior Lien Revenue Bonds, Series 2015A; and $68.785 million of Senior Lien Revenue and Refunding Put Bonds, Series 2015B

North East Texas Regional Mobility Authority — underwriter’s counsel in connection with the issuance of $124.735 million of Senior Lien Revenue Bonds, Series 2016A and $56.615 million of Subordinate Lien Revenue Bonds, Series 2016B

Hidalgo County Regional Mobility Authority — bond counsel to issuer in connection with $61.6 million of Senior Lien Vehicle Registration Fee Revenue and Refunding Bonds, Series 2013

Dallas Area Rapid Transit Authority — lessee counsel in connection with leveraged lease transactions

Metropolitan Transit Authority of Harris County, Texas — lessee counsel in connection with leveraged lease transactions

North Texas Tollway Authority — underwriter’s counsel in connection with the issuance of $987.79 million of System First Tier Revenue Refunding Bonds, Series 2016A

Federally-Recognized Indian Tribes — placement agent counsel in connection with bond issuances by federally-recognized Indian tribes in North Dakota and South Dakota

Riesel Industrial Development Corporation — borrower’s counsel to power generation entity in connection with issuance $50 million of Solid Waste Disposal Revenue Bonds (Sandy Creek Energy Associates, L.P. Project), Series 2008 and $50 million of Solid Waste Disposal Revenue Bonds (Sandy Creek Energy Associates, L.P. Project), Series 2007

Oklahoma electric cooperatives — lessee counsel in connection with leveraged lease transactions

Credentials

Education

J.D.,
The University of Texas School of Law
2001
with honors
B.B.A., Accounting,
Texas A&M University
1995
magna cum laude

Bar Admissions

Texas

Affiliations

National Association of Bond Lawyers
American Bar Association
Austin Bar Association
Texas Bar Foundation
Fellow

News

Noteworthy

Noteworthy

Thomson Reuters
Texas Super Lawyers
Rising Star, 2005; 2007 - 2009